Consultancy Insights


IFRS 9 Implementation: Challenges for Existing Accounting Models

20th April 2016

Company: Axway
On July 24, 2014 the International Accounting Standards Board (IASB) issued the fourth and final version of its new standard on accounting for financial instruments – International Financial Reporting Standard (IFRS) 9 Financial Instruments (completely replacing the former IAS 39 rule). The project was launched in 2008 in response to the... read more

Payment Incident Management: Controlling Costs

18th April 2016

Company: Velocimetrics
Every year banks spend millions managing incidents that impact their ability to process payments. A large proportion of these costs are frequently swallowed up with the issue’s investigation, repair and remediation, which is often still quite a manual process. These incidents can also generate compensation claims due to client SLA breaches,... read more

The Fintech Innovation Awards 2016

14th April 2016

Company: bobsguide
Acclaimed fintech entrepreneur Julia Streets hosted this year’s Fintech Innovation Awards where all the best companies in the sector were awarded in London, the city that has been defined as fintech capital of the world. Streets welcomed the newcomers at the event and highlighted that this was a sign of innovation as new fintechs were being... read more

How e-money issuers may be the biggest challengers to banks yet

13th April 2016

It’s hard to believe that it’s almost 20 years ago that ‘electronic money’ or ‘e-money’, the digital equivalent of cash stored on an electronic device, remotely at a service or in an online account was born. Emerging as a result of the digital revolution of the 1990’s which saw the introduction of the very... read more

Why there’s “no easy cut and paste” for banks and fintech

16th March 2016

Company: bobsguide
Today, no conversation about banks and fintech companies gets very far without the word ‘collaboration’ getting mentioned. But even if more financial institutions appear to be talking about the need to innovate and are moving to work with and support startups, true collaboration and integration is easier said than done. At the... read more

The OECD Action Plan – What’s Next?

18th February 2016

Company: Arkk Solutions
The 15 part action plan aims to tackle global inequalities in taxation income, increasing transparency for tax administrators and significantly improving Multinational Enterprises’s compliance. With tax regulations of large corporations at the forefront of all policy makers’ minds, this latest endeavour from the OECD and G20 will... read more

Regulation: What’s in Store for the Alternative Investment Sector in 2016?

25th January 2016

Company: RFA
2016 is shaping up to be one of the busiest years for financial services regulation and legislation globally. There will be several new, challenging regulations that financial sector firms will need to adapt their business operations to in order to stay ahead of the compliance curve. In order to prepare adequately, the wider alternative... read more

Fintech Alliance Helps Drive Prepaid into the Mainstream

20th January 2016

Company: Bottomline
The rapid growth of the prepaid card market provides instructive lessons on the changing dynamic of consumer behaviour patterns, and illustrates how banks can best innovate and adapt to this fluid landscape. The 2008 recession initiated a number of significant shifts in consumer habits – from a migration away from premium brands to... read more

Onboarding Millennials: From Instructive to Supportive Employee Training

19th January 2016

Company: Iridize
Quietly and almost unnoticeably, employee training practices which had been in use for decades have become obsolete. While existing practices may still be relevant to some employees, for a growing percentage of our workforce: the millennials, these have become less relevant and even a hindrance. By 2014, 36% of the workforce was comprised of... read more

Responding to the mobile shift within retail banking and the need to change

13th January 2016

Company: shinobicontrols
Mobile, and specifically mobile apps, are fast becoming the most important touchpoint between a retail bank and its customers. Customers expect a great experience when using their bank's app, but how can you realistically deliver this? In this article we touch upon the most important areas and provide a link to our recent white paper that... read more